🚗 First-Time Auto Buyer Program
Your first car. Your first loan. Your first big financial win.
Buying your first car should feel exciting — not overwhelming.
That’s why we created the Century Federal First-Time Auto Buyer Program, designed for members who are ready to get behind the wheel and build credit at the same time.
Whether you're just starting out, building independence, or taking your first major financial step, we make the process simple, supportive, and stress‑free.
⭐ Program Highlights — Built for First-Time Buyers
✔️ No Down Payment Required
Keep your savings where they belong — with you.
✔️ No Co‑Signer Required
Stand on your own two feet with confidence.
✔️ No Payments for 60 Days
Drive now. Start paying later.
✔️ Parental Co‑Borrower Option for Minors
Extra support if you're not 18 yet — without limiting your independence.
🧠 Who Qualifies? (It's Simple!)
We designed this program to open doors, not close them.
✔️ Stable Employment
At least 12 months of continuous work with no more than a 30‑day gap.
(Proof of income required.)
✔️ No Prior Auto Loans Needed
Perfect for brand‑new borrowers.
✔️ No Unpaid Collections
Credit history optional — no baggage required.
If you're starting fresh, you're in the right place.
💰 Loan Details Tailored to First‑Timers
You’re getting a loan designed around your needs.
- Borrow Up to $30,000
- Vehicles Eligible: Up to 10 years old, up to 100,000 miles
- Flexible Terms: Up to 72 months
- Competitive Rates: Just 2% above our published rates for standard auto loans
- No Credit Score? No Problem.
Seriously — we built this program for you.
💜 Why This Program Works for You
🌱 Build Credit from Day One
On‑time payments help you build a strong credit foundation.
🛠️ Designed for Your Budget
Affordable terms that match where you are in life.
🚀 A Smart Start to Your Financial Journey
Make a big purchase with confidence — and learn healthy habits along the
First-Time Car Buyer Loan Program is designed to support members purchasing a vehicle for the first time by offering favorable loan terms and comprehensive support. To qualify for this program, applicants must meet the following criteria: be at least 18 years of age, or if the borrower is a minor, a parental co-borrower is required; attend a financial education session with one of CFCU certified financial counselors; have no credit history (applicants must not have any outstanding derogatory credit or unpaid collections); have a minimum of 12 months of continuous employment history with no more than a 30-day gap in employment, and provide proof of employment and income; and have no previous auto loans. No co-borrower or signer is required unless the borrower is a minor. Loan-to-Value (LTV) is available up to 105%, including all add-ons and processing fees. The maximum loan amount is $30,000, with a maximum vehicle age of 10 years and a maximum mileage of 100,000 miles. The maximum loan term is 72 months. Interest rates for this program will include an additional 2% added to the current published rates by credit tier. Rates, terms and conditions vary based on creditworthiness, qualifications and collateral conditions. All loans are subject to approval and rates are subject to change without notice. Other conditions may apply.